Uniswap acquires NFT market aggregator Genie to additional ‘common possession’ objectives

Decentralized trade Uniswap introduced the acquisition of the NFT market aggregator Genie on June twenty first. Uniswap mentioned this transfer is a part of its mission to unlock common possession and trade on its platform.

Uniswap is now integrating NFTs into its product line starting with the Uniswap net app and later integrations are mentioned to incorporate developer APIs and widgets. This isn’t the primary time Uniswap has labored with NFTs. Within the spring of 2019 it launched Unisocks which provided NFT liquidity swimming pools backed by real-world belongings.

Uniswap mentioned within the announcement, “We’re excited to carry what we’ve realized constructing DeFi merchandise to NFTs.” In August Uniswap mentioned it deliberate to airdrop USDC to historic Genie customers in an effort to share the worth of this acquisition and integration.

Uniswap launched the primary occasion of NFT liquidity swimming pools, referred to as Unisocks, within the spring of 2019. Additionally they view NFTs as “an necessary gateway to web3” reasonably than “a separate ecosystem from ERC20s.”

Genie is called the primary NFT market aggregator offering a way to find, purchase, and promote NFTs throughout varied marketplaces. The corporate permits customers to “batch purchase NFTs throughout all main marketplaces in a single transaction and save as much as 40% on gasoline charges.”

Some metaverse-related endeavors and corporations proceed to make progress regardless of current market instability. GameFi and game-related NFTs as an illustration have proven indicators of ahead motion and progress lately. New, experimental NFT approaches have nonetheless been launched exhibiting optimistic sentiment for NFT, GameFi, and metaverse elements of the crypto and Web3 industries.


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